Get started
xela75

Bearish Butterfly reversal opportunity (EURCHF)

Short
Euro / British Pound (FX:EURGBP)  
xela75  
FX:EURGBP   Euro / British Pound
Harmonic Patterns Butterfly
5
0
harmonicpatterns butterflypattern
A bearish butterfly seams to be coming at EURCHF. Point is is in an S&R zone (daily level). Target 1 and 2 also are around previously touched S&R zones (daily level).

Entry around: 0.9099
S/L @ 0.9139
Target 1: 0.896
Target 2: 0.8876

Watch out for reversal signals (indecision candles, price rejection, etc.) before entering the trade.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.